St. Paul, Minn. | January 25, 2021 – Drake Bank welcomes Justin Robinson, J.D. as vice president of compliance and risk. Robinson has over 18 years of experience in providing compliance and risk consulting to financial institutions in his previous roles at CliftonLarsonAllen LLP and McGladrey. In his most recent position at CliftonLarsonAllen LLP, Robinson [...]
As the new year begins, the spirit of giving and service is alive and well in Minnesota's community of Eagan thanks to long-time residents, Scott and Carol Swenson, and their neighbors. "Carol and I are impressed by the giving and caring of our neighbors in our community," said Scott. "While it would be easy to [...]
St. Paul, Minn. | January 8, 2021 – Erin Callan has been named assistant vice president, credit administration. In the new role, Callan will oversee credit underwriting and analysis, loan operations, and reporting for board and committee meetings, and examinations and audits. Callan has worked at Drake Bank for over two years as the credit [...]
2020 was perceived to be a hallmark for the future and technology. However, it unfolded differently than anyone could have ever imagined. While we may like to leave behind any remembrance of the year, there are things to celebrate, remember, and learn from our perseverance. The Drake Team In March, the financial services sector was [...]
To the editor: Regarding your article in the Dec. 11 edition of the Business Journal titled, “For PPP, these banks outpunch their big rivals” (published online here), I thought I would take the time to offer a little more perspective. You make it clear the list you published is focused on the “state’s largest banks [...]
As Jelena McWilliams, FDIC Chairperson, stated in a recent FDIC Podcast, "Supporting small businesses is one of the key roles that community banks play in our financial system. The overwhelming majority of community banks focus their commercial and industrial lending on small businesses…These attributes, as well as strong ties to their communities and borrowers, likely [...]
The Merriam Webster Dictionary defines the word “hero” as “a person admired for achievements and noble qualities” and “one who shows great courage.” Community bankers are known for making a local difference in the community, and the people of Drake Bank are representative of this commitment. As such, the bank has honored each of them [...]
St. Paul, Minn. | December 1, 2020 – Drake Bank has honored each team member as a 2020 Hero for their commitment to our community and company mission and vision. The Merriam Webster Dictionary defines the word ‘hero’ as “a person admired for achievements and noble qualities” and “one who shows great courage.” Community bankers [...]
Social Assurance announced Drake Bank as a winner of the 2020 Community Spark Award. The award recognizes banks and credit unions making an outstanding difference in their local communities through unique support, volunteerism, philanthropy, and development initiatives. Read More
St. Paul, Minn. | November 16, 2020 – The Federal Reserve is temporarily offering the Main Street Lending Program to support lending to small and medium-sized for-profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. The Main Street Lending Program aims to keep credit flowing to [...]